World Liberty Financial Transfers $305M in Crypto to Coinbase Prime—What’s Next?

A DeFi project called World Liberty Financial (WLFI), which has the Trump family as backers, has made a big on-chain move.

Not long ago, it sent eight different tokens now valued at around $305 million to Coinbase Prime. This has led to some speculation, to put it mildly, that WLFI might be on the verge of a massive token sell-off. WLFI, for what it’s worth, has denied that this is the case.

The most recent deal done by the WLFI represents a large portion of the assets held in the project’s treasury, which consists of tokens obtained through public sales. The funds were sent to two places. First, and by far the larger of the moves, 85.5 percent of the assets were sent directly to Coinbase Prime, a top-flight institutional trading and custody platform. The other side of the transaction was completed by sending 14.5 percent of the assets to what is described as a “multi-signature wallet” held by WLFI (address 0xEe7). Some observers believe the latter transfer represents funds set aside for management of the project.

Although WLFI has officially declared that the deal is an asset allocation for business reasons, the reality is that most of the tokens were sent to Coinbase Prime, pointing to the distinct likelihood of a forthcoming sale—a situation compounded by the fact that once these assets get to the exchange, it is all but impossible to track what happens next, which adds an extra layer of market uncertainty.

The assets moved are a combination of leading cryptocurrencies and stablecoins, underlining the huge amount of capital controlled by WLFI. Here is a closer look at the tokens and their values:

– Ethereum (ETH): 73,783 ETH valued at $212.5 million

– Wrapped Bitcoin (WBTC): 552.9 WBTC, valued at $56.02 million

– USDC: 22.85 million USDC

– Chainlink (LINK): 219,000 LINK, which amounts to $4.75 million

– Aave (AAVE): 16,500 AAVE, worth $4.62 million

– Move (MOVE): 2.05 million MOVE, valued at $1.38 million

– Ondo (ONDO): 114,000 ONDO, valued at $160,000

– Ethena (ENA): 4.941 million ENA, worth $3.34 million

由特朗普家族支持的 DeFi 项目 World Liberty Financial (WLFI) 在过去 8 小时里将价值 $3.05 亿的 8 种代币转进了 Coinbase Prime。这下没办法知道他们啥时候会卖这些币了